Is New Market Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Market Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, New Market Township was a Seller's Market.

Key Takeaway

New Market Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in New Market Township, NC

How much do homes in New Market Township, NC cost?

Median Sold Price

$283,250

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,250(+13.3%)

Key Takeaway

Homes in New Market Township have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in New Market Township was $283,250 in February 2024, up 13.3% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $180K$437K
+142.8%
3 $250K$278.5K
+11.4%
4 $350K$223.5K
-36.1%
5+ -$1.7M
N/A

Summary: New Market Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 142.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 36.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Market Township
+13.3%
Sophia
+10.2%
Randleman Township
+7.7%
Randleman
+6.4%

Housing Supply in New Market Township, NC

How many homes are available in New Market Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
818+125.0%

Summary: The New Market Township real estate market had 18 homes for sale in February 2024, a 125.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 514
+180.0%
4 11
0.0%
5+ 00
0.0%

Summary: The New Market Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 180%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Market Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in New Market Township in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for New Market Township, NC

How long does it take to sell a home in New Market Township, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
8 Days33 Days+312.5%

Summary: Homes in New Market Township had an average of 33 days on market in Feb 2024, up by 312.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New Market Township has remained consistent over time.

Summary: During February 2024, 1 homes were sold in New Market Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in New Market Township, NC

Nearby Markets to New Market Township, NC

What housing markets are near New Market Township, NC?